Dude, still push those talking points even though they've been discredited for years? Next you'll tell me you proved Exon doesn't pay taxes.
Yeah, that whole credit swap thingy you moaned about forever kind of fizzled. The correct answer was giving loans to people that couldn't afford them. Interest only loans baby, make sure everyone owns a house even if it's only for three years. . On Sun, May 8, 2011 at 2:32 AM, Gruss Gott <[email protected]> wrote: > Of course the real problem was that the bubble that was actually > created was within the confines of post-1999 law (i.e., CFMA & > Gramm-Leach-Bliley). No amount of analysis could've possible > predicted the unfolding of events due to those legislation changes, > including Krugman's. > > So if you're looking to blame someone, blame Clinton and Phil Gramm. > > That having been said, anyone with a breath could've told you that > unraveling Glass-Steagall would be a very bad idea. It was put there > for a reason. > > 'course Gramm and Clinton needed to get rich somehow. > > Gramm's now Vice Chairman of investment banking for UBS. > > Purely coincidental, I'm sure. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:337568 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
